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Overview / Commentary
574-722-3855
723 East Broadway
Logansport, IN 46947

Logansport Savings Bank, FSB is headquartered in Logansport and is the 76th largest bank in the state of Indiana. It is also the 3,476th largest bank in the nation. It was established in 1925 and as of December of 2013, it had grown to 30 employees at 1 location. Logansport Savings Bank, FSB has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Logansport Savings Bank, FSB had $1.03 million in non-current loans and owned real-estate with $20.49 million in equity and loan loss allowances on hand to cover it. This gives Logansport Savings Bank, FSB a Texas Ratio of 5.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Logansport Savings Bank, FSB experienced no significant changes from 3.63% as of December 31, 2012 to 5.01% as of December 31, 2013, resulting in a negative change of 38.01%. This indicates that the balance sheet and financial strength for Logansport Savings Bank, FSB has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Logansport Savings Bank, FSB has decreased its total deposits by -$2.33 million, resulting in -1.71% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Logansport Savings Bank, FSB has shown is average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Logansport Savings Bank, FSB has $166.01 million in assets with $20.49 million in equity, resulting in a capitalization level of 12.34%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #29907
Year Established1925
Employees30
Primary RegulatorOCC
Assets and Liabilities
Assets$166.01 million
Loans$113.81 million
Deposits$134.38 million
Equity Capital$18.57 million
Loan Loss Allowance$1.92 million
Unbacked Noncurrent Loans$824,000
Real Estate Owned$203,000
Historic Data - December 2012
Assets$173.07 million
Equity Capital$19.10 million
Loan Loss Allowance$1.88 million
Unbacked Noncurrent Loans$824,000
Real Estate Owned$425,000
Profit Margin - Quarterly
Net Interest Margin3.78%
Return on Assets1.02%
Return on Equity9.12%
Interest Income$7.02 million
Rates
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Logansport Savings Bank, FSB Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.41%$1m-Rite Advantage
0.05%$100-Statement Savings
0.05%--Christmas Club

Logansport Savings Bank, FSB Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.08%$2,500-Super Now Checking
0.05%$100-Now Checking

Logansport Savings Bank, FSB CD Rates

DetailsAPYMINMAXPRODUCT
1.22%$1k-60 Month CD
1.00%$1k-48 Month CD
0.75%$1k-42 Month CD
0.75%$100-18 Month HSA Certificate
0.65%$1k-36 Month CD
0.50%$1k-30 Month CD
0.41%$1k-24 Month CD
0.35%$1k-18 Month CD
0.30%$1k-15 Month CD
0.25%$1k-12 Month CD
0.17%$1k-6 Month CD
0.10%$1k-91 Day CD

Logansport Savings Bank, FSB IRA Rates

DetailsAPYMINMAXPRODUCT
1.22%$1k-60 Month IRA (Traditional,Roth,CESA)
1.00%$1k-48 Month IRA (Traditional,Roth,CESA)
0.75%$1k-42 Month IRA (Traditional,Roth,CESA)
0.65%$1k-36 Month IRA (Traditional,Roth,CESA)
0.50%$1k-30 Month IRA (Traditional,Roth,CESA)
0.41%$1k-24 Month IRA (Traditional,Roth,CESA)
0.35%$1k-18 Month IRA (Traditional,Roth,CESA)
0.30%$1k-15 Month IRA (Traditional,Roth,CESA)
0.25%$1k-12 Month IRA (Traditional,Roth,CESA)
0.17%$1k-6 Month IRA (Traditional,Roth,CESA)
0.10%$1k-91 Day IRA (Traditional,Roth,CESA)
Locations


Logansport Savings Bank, FSB Locations
Logansport Savings Bank, FSB723 East BroadwayLogansport, IN 46947